by Editorial Staff | Feb 22, 2021 | CPA & Tax Services, Tax Preparation
The words IRS lien or IRS levy are enough to strike fear into the hearts of anyone who owes back taxes. They are right to be concerned. Liens and levies are two of the strongest measures the IRS has to enforce tax compliance. They allow the IRS to lay claim to...
by Editorial Staff | Feb 4, 2021 | CPA & Tax Services, Tax Preparation
It’s tax season, and the IRS announced that they would start accepting E-file forms 1040 for taxpayers starting February 12, 2021. 2020 was considered an exceptional year due to the Covid-19 virus that impacted almost all U.S. citizens, also impacted the tax law...
by Editorial Staff | Jan 28, 2021 | CPA & Tax Services, Tax Preparation
Each year you probably lose much sleep due to anxieties associated with one frightening event. What is this event? Tax preparation. Yes, taxes aren’t a topic that excites anyone. Just about everyone has some fear of the tax filing process. One reason people don’t like...
by Editorial Staff | Jan 12, 2021 | CPA & Tax Services, Tax Preparation
Tax preparation and tax planning are separate accounting disciplines that work together to produce the ideal result. Preparation involves the process of calculating and completing a tax return by the due date. It starts sometime after the first of the year and ends...
by Editorial Staff | Dec 22, 2020 | CPA & Tax Services, Tax Preparation
Many taxpayers owe the IRS. This can be overwhelming, especially in the COVID economy, where many individuals and small businesses face insolvency for the first time. They often must use income that should go to taxes to cover necessities, such as mortgages, rents,...
by Editorial Staff | Dec 9, 2020 | CPA & Tax Services
Building a business is about more than just a dream. While your passion drives you, you need to make sure everything you’re doing is in the service of making sure your business is sustainable. That’s where a small business budget comes in. While most adults are no...
